This property looks like a bad Mid-Term investment with a projected -10.49% first-year return on $94,356 initial cash invested.
-10.49%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$3,556
Rent
-$825
Cashflow
Cash Flow
$3,556 income − $4,381 expenses = $825 out of pocket
Investment Breakdown
|
Purchase Price
$364k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,356
Downpayment
20%
$72,720
Closing costs
1%
$3,636
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,556
Total Expenses
$4,381
Mortgage P&I
55%
$1,959
Property Taxes
25%
$900
Home Insurance
4%
$128
HOA
5%
$185
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391